Extension of Deadlines Due to COVID-19

(Schools, FSCA, Attorneys and Estate agents)

Due to the COVID-19 pandemic, certain extensions have been granted to bodies whose ability to submit financial statements and reports have been affected.

Public schools governed by the South African Schools Act

Governing bodies of public schools have been granted a further extension of one month for the submission of their financial statements, which must be submitted by no later than 31 July 2020.


Financial Sector Conduct Authority (FSCA)

Submission of financial statements in respect of the FAIS Act have been adjusted as follows:
1. The Authority will extend the period for submission of certain financial statements by 4 months.
2. This extension will not apply to FSPs that are registered Banks as defined in section 1 of the Banks Act, registered insurers as defined in section 1 of the Insurance Act, or authorised users as defined in section 1 of the Financial Markets Act.

Submission of statutory returns in respect of CISCA have been adjusted as follows:
1. The Authority will extend the period for submission of financial statements in respect of Collective Investment Scheme (CIS) Managers and every portfolio of the collective investment scheme that are administered by the CIS managers by 3 months.
2. This extension will exclude all listed portfolios.

Attorneys trust accounts

Attorneys have been granted a further extension of one month, which lapses on 30 September 2020, in which they can still submit their trust account audit reports.

Estate Agents

The EAAB is awaiting a response from the Department of Human Settlements on the extension of the deadline for audit reports and will communicate the outcome as soon as it is received.

The board has agreed not to impose penalties for late submissions.


(Schools, FSCA, Attorneys and Estate agents)

Due to the COVID-19 pandemic, certain extensions have been granted to bodies whose ability to submit financial statements and reports have been affected.

Public schools governed by the South African Schools Act

Governing bodies of public schools have been granted a further extension of one month for the submission of their financial statements, which must be submitted by no later than 31 July 2020.

Financial Sector Conduct Authority (FSCA)

Submission of financial statements in respect of the FAIS Act have been adjusted as follows:
1. The Authority will extend the period for submission of certain financial statements by 4 months.
2. This extension will not apply to FSPs that are registered Banks as defined in section 1 of the Banks Act, registered insurers as defined in section 1 of the Insurance Act, or authorised users as defined in section 1 of the Financial Markets Act.

Submission of statutory returns in respect of CISCA have been adjusted as follows:
1. The Authority will extend the period for submission of financial statements in respect of Collective Investment Scheme (CIS) Managers and every portfolio of the collective investment scheme that are administered by the CIS managers by 3 months.
2. This extension will exclude all listed portfolios.

Attorneys trust accounts

Attorneys have been granted a further extension of one month, which lapses on 30 September 2020, in which they can still submit their trust account audit reports.


Estate Agents

The EAAB is awaiting a response from the Department of Human Settlements on the extension of the deadline for audit reports and will communicate the outcome as soon as it is received.

The board has agreed not to impose penalties for late submissions.